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Production Globalization and Income Inequality 181Production Globalization and Income Inequality Globalization of Production and Income Inequality in Rich Democracies Matthew C. Mahatma, University
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Understand the concept of globalization of production and its benefits
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Identify the key factors influencing the decision to globalize production such as cost, market access, and resource availability
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Establish partnerships or subsidiaries in target markets to facilitate manufacturing and distribution
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Standardize processes and quality control measures to ensure consistency across global operations
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Regularly assess the performance of global production activities and make necessary adjustments to optimize efficiency

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Globalization of production is the process of dispersing a company's production facilities across multiple countries to take advantage of differences in cost and quality of labor, raw materials, and other resources.
Companies that engage in international production or sourcing are required to file globalization of production.
To fill out globalization of production, companies need to provide detailed information about their production facilities, sourcing practices, and the countries they operate in.
The purpose of globalization of production is to optimize production processes by leveraging resources and cost advantages in different countries.
Information such as production facility locations, sourcing partners, production volumes, and any relevant certifications or compliance standards must be reported on globalization of production.
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